Intel reported fiscal fourth-quarter earnings that surpassed analysts’ expectations,
The cloud computing company’s adjusted earnings came in at $1.09, handily topping the $0.91 expected by analysts polled by Refinitiv.
Revenue of $19.5 billion also exceeded analysts’ estimate of $18.31 billion.
The company expected $18.3 billion in adjusted sales in the first quarter of 2022, higher than consensus expectations of $17.62 billion.
Revenue from Intel’s Client Computing Group – its largest business - fell -7% year-over-year to $10.1 billion. However, the figure was still higher than analysts’ average estimate of $9.6 billion, (according to FactSet poll).
According to CNBC, Intel CEO Pat Gelsinger said in an interview that the annual decrease in the group was a result of customers and PC makers shifting sales from quarter to quarter.
Revenue from Data Center Group rose +20% year-over-year to $7.3 billion, also beating expectations of $6.7 billion.
The 50-day moving average for INTC moved above the 200-day moving average on May 04, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where INTC's RSI Oscillator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 26, 2023. You may want to consider a long position or call options on INTC as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for INTC just turned positive on May 31, 2023. Looking at past instances where INTC's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
INTC moved above its 50-day moving average on May 31, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where INTC advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The 10-day moving average for INTC crossed bearishly below the 50-day moving average on May 17, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where INTC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
INTC broke above its upper Bollinger Band on May 31, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for INTC entered a downward trend on May 31, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.339) is normal, around the industry mean (6.949). P/E Ratio (16.010) is within average values for comparable stocks, (53.678). INTC's Projected Growth (PEG Ratio) (9.717) is very high in comparison to the industry average of (2.555). Dividend Yield (0.039) settles around the average of (0.024) among similar stocks. P/S Ratio (2.308) is also within normal values, averaging (11.547).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. INTC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. INTC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of computer components and related products
A.I.dvisor indicates that over the last year, INTC has been closely correlated with TXN. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if INTC jumps, then TXN could also see price increases.
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